Definition of backdating stock options

At the end of the day, Jobs dodged a bullet because of 1) his value to Apple's shareholders, 2) his value to the U. economy, and 3) just plain luck that neither Apple's board nor the SEC found a smoking gun to force them to do something they didn't want to do.

With dozens of firms now under investigation for backdating stock options, and one already facing civil and criminal charges, it’s clear that practices such as backdating carry a heavy corporate cost.

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That seemed like a contradiction to me, but whatever.If you cover it up and fail to report that expense, the way Apple's folks allegedly did, well, that amounts to accounting fraud.While a few of those 38 terminations may turn out to be the result of such activity, it's likely that the vast majority fell on their swords to avoid sullying the good names of their companies.For that, the feds seek disgorgement of the ill-gotten gains (about

That seemed like a contradiction to me, but whatever.

If you cover it up and fail to report that expense, the way Apple's folks allegedly did, well, that amounts to accounting fraud.

While a few of those 38 terminations may turn out to be the result of such activity, it's likely that the vast majority fell on their swords to avoid sullying the good names of their companies.

For that, the feds seek disgorgement of the ill-gotten gains (about $1.6 million), plus an order barring her from serving as an officer or director of a public company.

That's a big hit for Heinen who, at 50, presumably had lots of mileage left in her career.

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That seemed like a contradiction to me, but whatever.If you cover it up and fail to report that expense, the way Apple's folks allegedly did, well, that amounts to accounting fraud.While a few of those 38 terminations may turn out to be the result of such activity, it's likely that the vast majority fell on their swords to avoid sullying the good names of their companies.For that, the feds seek disgorgement of the ill-gotten gains (about $1.6 million), plus an order barring her from serving as an officer or director of a public company.That's a big hit for Heinen who, at 50, presumably had lots of mileage left in her career.

.6 million), plus an order barring her from serving as an officer or director of a public company.That's a big hit for Heinen who, at 50, presumably had lots of mileage left in her career.

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